When it comes to India's non-bank finance companies, the bigger they are, the faster they recover.
That's according to Andrew Holland, CEO of Avendus Capital Alternate Strategies who believes larger NBFCs will have a better chance of a comeback than their smaller peers.
Volatility in the S&P BSE Finance Index has soared to the highest level in two years, with stocks such as Dewan Housing Finance Corp. fluctuating an average 26 percent in the past three sessions. Investors have been on the edge since Friday, with a default by IL&FS Ltd. sending jitters through the Indian stock market.
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